Manager Of Goldman's Petershill Fund To Join Man

Aug 23 2011 | 1:25am ET

Jonathan Sorrell, the head of a Goldman Sachs private equity fund that invests in hedge fund managers, will leave the bank to join the Man Group.

Sorrell has been named head of strategy at the world's largest hedge fund and will join its executive committee. He will be charged with expanding the firm's presence in Asia and the U.S., the Financial Times reports, adding that Man does not plan any acquisitions similar to its purchase last year of GLG Partners.

Since 2007, Sorrell, one of Goldman's top bankers, has led its Petershill Fund. That fund has invested in some of the best-known names in the hedge fund industry, among them Capula Investment Management, Trafalgar Asset Management and Winton Capital Management, and owns stakes in nine firms.

Sorrell is the second son of advertising executive Martin Sorrell to leave Goldman within the last year; his brother, Robert, resigned late last year to launch a hedge fund, Sorrell capital. His oldest brother, Mark Sorrell, remains a partner at Goldman.


In Depth

Direct Lending: What’s Different Now?

Mar 14 2017 | 8:43pm ET

Senior direct lending funds have become riskier over the past four years, with leverage...

Lifestyle

'Tis the Season: Wall Street Holiday Parties Back In Fashion

Dec 22 2016 | 9:23pm ET

Spending on Wall Street holiday parties has largely returned to pre-2008 levels...

Guest Contributor

SEI: Private Debt Coming Into Its Own

Mar 8 2017 | 9:24pm ET

The explosive growth of private debt over the past few years has caused the lines...

 

From the current issue of